UK innovation agency hit with ransomware attack
UK Research and Innovation (UKRI), the government department that directs research and innovation funding, suffered a possible ransomware attack last week. The organization has issued a statement in which it described “data being encrypted by a third-party”. However, it could not confirm whether or not any data was stolen, which is common practice for modern ransomware operators. According to ZDNet, …
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Ransomware insurance is becoming more common
Ransomware insurance is becoming more commonplace in the UK as a means of protecting against the financial impact of an attack, but concerns have been raised in some quarters. As per a BBC report, the Association of British Insurers (ABI) has defended the concept, highlighting the value in being able to cover the costs of the ransom payment. However, there …
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Poor endpoint visibility exposing firms to ‘systemic ransomware attacks’
Most organizations have poor visibility into their endpoints, which makes them highly vulnerable to ransomware. Further, once the ransomware infects a network, they are almost powerless to stop it from spreading. This is according to a new report from Illumio, based on a poll of 344 IT professionals, which states that more than half (59 percent) of respondents do not …
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New ransomware trend will have executives worried
Ransomware attacks have evolved once again, giving C-suite executives a serious cause for concern. According to a new report from ZDNet, some ransomware operators are no longer casting a wide net across an organization in the hopes of finding sensitive data to encrypt. Instead, they’re specifically targeting computers and other devices used by managers and top executives. They hope that …
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Ryuk ransomware has given its creators a huge pay day
Operators of Ryuk, one of the world’s most popular ransomware variants, have extorted more than $150 million from victims. This is according to a report published by cybersecurity firms Advanced Intelligence and HYAS, which claims that a total of 61 Bitcoin addresses associated with Ryuk operators have been identified. “Ryuk receives a significant amount of their ransom payments from a …
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Ryuk ransomware targets hospitals yet again
With healthcare institutions preoccupied with treating coronavirus cases and rolling out vaccines, cybercriminals have doubled down on attacks. A new report from cybersecurity researchers Check Point Software states that hospitals and other healthcare organizations globally have faced an increasing number of ransomware attacks lately. Since the start of November, the report claims, there has been a 45 percent increase in …
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Ransomware attacks set for huge growth in 2021
The strategies employed by cybercriminals are becoming more sophisticated, which means ransomware attacks will likely be more frequent – and more devastating – in the coming year. This is according to a new report from disaster recovery firm Databarracks, which claims that outright prevention of ransomware is “impossible”. The only way to truly stay safe from ransomware attacks, the company …
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Microsoft and McAfee want to end ransomware for good
Microsoft, McAfee and almost two dozen other companies have formed a new coalition, the goal of which is to completely eliminate ransomware. Called the Ransomware Task Force (RTF), this A-team will build a standardized framework for dealing with the threat, regardless of the industry. At the moment, instead of having industry consensus on how to tackle ransomware, affected businesses try …
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Hacking and ransomware are key tools for criminals right now
Despite the fact the world has been living with Covid-19 for nearly a year now, most criminals are still using the pandemic to defraud people and make their way into corporate networks. According to a new report from Positive Technologies, hackers have focused their attentions on two victim pools in particular: the healthcare industry and remote workers. Organizations in the …
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Data exfiltration trend continues to grow among ransomware operators
More and more ransomware operators are stealing sensitive data before encrypting the target system and using it as leverage in negotiations. This is according to a new report from cybersecurity firm Coveware, which argues that roughly half of ransomware cases also involve data being taken hostage. When ransomware first started making headlines, security experts advised businesses and individuals not to …
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